---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-017981"
form_type: "8-K"
ticker: "BLMH"
cik: "0001996210"
company_name: "BLUM HOLDINGS, INC."
filed_at: "2025-05-21T23:59:59+00:00"
generated_at: "2026-05-20T22:57:28.339767+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Blum Holdings gains control of Bay Area cannabis retailer, signs deal for Cookies equity interest

## Summary
- MSA grants Blum Management exclusive operational & economic control of a licensed Bay Area cannabis retailer; $800k paid to seller.
- Company will consolidate Target's operations as a VIE effective May 15, 2025.
- Binding term sheet to acquire 100% of holding company with non-controlling interest in Cookies brand for 489,131 shares plus warrants.
- Consideration includes warrants for 30,762 shares at $0.64; implied deal value $562,500; closing targeted Q3 2025.
- CEO Sabas Carrillo says transaction deepens economic exposure to Cookies and positions Blum for institutional-quality optionality.

## SEC filing metadata
- accession: 0001437749-25-017981
- form_type: 8-K
- ticker: BLMH
- cik: 0001996210
- company_name: BLUM HOLDINGS, INC.
- filed_at: 2025-05-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1996210/000143774925017981/0001437749-25-017981-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1996210/000143774925017981/blmh20250521_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-017981
- JSON: https://secwatch.observer/filing/0001437749-25-017981.json
- Plain text: https://secwatch.observer/filing/0001437749-25-017981.txt

## Key facts
- M&A Transactions
  BLUM HOLDINGS, INC. completed an acquisition involving the Target for $800,000 (closed 2025-05-15).
  - Action: acquisition
  - Counterparty: the Target
  - Consideration: $800,000
  - Closing: 2025-05-15
  source text: and may be terminated under certain conditions, including consummation of a stock acquisition of the Target by the Company. The execution of the MSA triggered the release of $800,000 in cash consideration to the seller as outlined by the A&R LOI. This payment was made in connection with the grant of operational control under the MSA and will be credited toward
  evidence_url: https://www.sec.gov/Archives/edgar/data/1996210/000143774925017981/0001437749-25-017981-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.